GOLD2024

Kars4Kids Inc

aka Kars4Kids   |   LAKEWOOD, NJ   |  https://www.kars4kids.org/
GuideStar Charity Check

Kars4Kids Inc

EIN: 22-3746050


Mission

Kars4kids funds educational, developmental, and recreational programs for Jewish youth and their families. Our goal is to foster a generation of well-balanced, productive adults. Our means to accomplish this goal is to provide children and their families with a strong network of personal guidance and educational resources, individualized to their needs. Our wide array of services is designed to maximize each facet of a child's development - academic, social and cultural.
Kars4kids overall areas of activity consist of educational programming, school placement, tuition assistance, mentorship programs, cultural activities, weekend retreats, religious instruction, summer camps, recreation and guidance counseling.

Ruling year info

2001

Principal Officer

Eliyohu Mintz

Main address

1805 SWARTHMORE AVENUE

LAKEWOOD, NJ 08701 USA

Show more contact info

EIN

22-3746050

Subject area info

Education services

Community improvement

Judaism

Youth development

Population served info

Children and youth

Adults

Families

Parents

Jewish people

NTEE code info

Youth Development Programs (O50)

Community, Neighborhood Development, Improvement (S20)

Jewish (X30)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Youth Mentorship

A mentorship program for children and teens.

Population(s) Served
Children and youth

A weekly extracurricular program for youth and teens with over 25 locations across the United States.

Population(s) Served
Children and youth

This program makes summer camp a reality for hundreds of children and teens each summer. Kars4Kids sponsors TheZone overnight summer camps for Jewish boys, girls and teens.

Population(s) Served
Children and youth
Jewish people

Providing financial assistance to needy families in the form of clothing and household items, financial grants, tuition and camp scholarships.

Population(s) Served
Families

A community outreach program offering cultural activities and education about the Jewish heritage.

Population(s) Served
Parents
Families

Placing children in the school that fits their skills and academic needs, family background, culture and personality and assistance with the tuition expense.

Population(s) Served
Children and youth
Jewish people

An initiative dedicated to supporting educational and youth development programs across North America with small monetary grants.

Population(s) Served
Adults

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Kars4Kids supports a network of mentoring, educational, and recreational programs for Jewish youth and their families across North America through its nonprofit partner, Oorah. We take a big-picture, holistic approach, bringing school, family and community together to develop a next generation of well-rounded and productive adults, with individualized mentorship and family support giving our children a solid foundation to become active contributors to society.

In addition to partnering in Oorah’s programs, Kars4Kids promotes youth development through community initiatives such as charitable distributions, public service and child safety awareness campaigns and small grants to educational and youth-oriented nonprofits.

Kars4Kids, through the funding of its sister charity Oorah, has a full suite of programs and services carefully designed to impact every aspect of a child’s development from the academic to the social and cultural. These programs, including school placement and tuition assistance, mentoring and extracurricular programs, family retreats and summer camps, accomplish the mission of fostering the overall growth of our children. A core group of paid staff leverages the hundreds of volunteers who power these programs, offering their services as mentors, educators and camp staff each year.

Kars4Kids utilizes its extensive media network and marketing resources, both online and off, to promote and impact the wellbeing of children with awareness campaigns and educational resources for parents and communities.

Learn more at http://www.kars4kidsprograms.org/programs/

Kars4Kids has several donation programs in place to support its child-centered programs and activities, most notably its car donation program, offering free vehicle pickup to donors nationwide. The organization has robust in-house marketing and operations teams to handle all aspects of the donation process, ensuring that donations are monetized efficiently and proceeds for charity programs are maximized.

Some stats from 2021 demonstrate the scope of Kars4Kids’ accomplishments:

• 1389 members attended Kars4Kids-funded after-school groups
• 1116 campers experienced a life-changing summer at 2 Kars4Kids-funded overnight camps
• 1589 students received tuition assistance
• Hundreds of families attended 17 community events and retreats
• 40 non-profits were awarded a grant through the Kars4Kids Small Grant program
• 163,720 parents visited the Kars4Kids Smarter Parenting educational blog

Financials

Kars4Kids Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.30

Average of 0.61 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.2

Average of 0.1 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

9%

Average of 9% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Kars4Kids Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Kars4Kids Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Kars4Kids Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Kars4Kids Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $5,751,329 -$11,567,253 $17,133,708 -$2,862,404 -$1,644,998
As % of expenses 9.6% -18.3% 21.6% -2.5% -1.8%
Unrestricted surplus (deficit) after depreciation $5,745,563 -$11,602,604 $17,114,701 -$2,881,411 -$1,689,884
As % of expenses 9.6% -18.3% 21.6% -2.6% -1.9%
Revenue composition info
Total revenue (unrestricted & restricted) $65,588,133 $62,910,547 $95,691,338 $109,657,696 $91,381,066
Total revenue, % change over prior year 11.2% -4.1% 52.1% 14.6% -16.7%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.8% 0.0% 0.0%
All other grants and contributions 118.1% 115.6% 111.3% 110.8% 110.9%
Other revenue -18.1% -15.6% -12.1% -10.8% -10.9%
Expense composition info
Total expenses before depreciation $59,836,804 $63,230,258 $79,168,223 $112,520,100 $90,026,064
Total expenses, % change over prior year 12.8% 5.7% 25.2% 42.1% -20.0%
Personnel 7.0% 7.5% 6.9% 4.7% 5.9%
Professional fees 2.5% 6.6% 2.2% 1.8% 1.1%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 55.0% 46.1% 56.5% 59.2% 51.5%
All other expenses 35.5% 39.8% 34.4% 34.4% 41.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $59,842,570 $63,265,609 $79,187,230 $112,539,107 $90,070,950
One month of savings $4,986,400 $5,269,188 $6,597,352 $9,376,675 $7,502,172
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $125,000 $1,205,403 $1,563,915 $512,922 $4,979,226
Total full costs (estimated) $64,953,970 $69,740,200 $87,348,497 $122,428,704 $102,552,348

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.0 0.0 0.1 0.2 0.2
Months of cash and investments 0.0 0.0 0.1 0.2 0.2
Months of estimated liquid unrestricted net assets 3.7 1.1 2.1 1.1 0.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $2,606 $229,365 $866,222 $1,940,354 $1,321,116
Investments $0 $0 $0 $0 $0
Receivables $4,468,386 $3,372,304 $7,014,301 $5,392,390 $4,832,761
Gross land, buildings, equipment (LBE) $213,697 $1,419,100 $10,439,182 $10,885,025 $15,864,251
Accumulated depreciation (as a % of LBE) 40.0% 8.5% 1.7% 1.2% 1.1%
Liabilities (as a % of assets) 29.4% 74.4% 41.8% 45.3% 43.1%
Unrestricted net assets $18,447,877 $6,845,273 $23,959,974 $21,078,563 $19,388,679
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $18,447,877 $6,845,273 $23,959,974 $21,078,563 $19,388,679

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Principal Officer

Eliyohu Mintz

Since age 9, I’ve been involved in charity fundraising, organizing carnivals and selling popcorn to raise money for my father’s informal charitable endeavors. Now, as an action-oriented and innovative leader, I bring together a team of talented staff and volunteers to grow sister charities Kars4Kids and Oorah into national forces for good.

Number of employees

Source: IRS Form 990

Kars4Kids Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

Kars4Kids Inc

Board of directors
as of 05/17/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Eliyohu Mintz

CEO

Term: 2023 - 2024

Jeffrey Rubin

No Affiliation

Reuven Kanarek

No Affiliation

Shimshon Bandman

No Affiliation

Joseph E. Weinberger

No Affiliation

Organizational demographics

SOURCE: Self-reported; last updated 2/18/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male
Sexual orientation
Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.